The strong operational and financial results are a clear positive for the business, but the overhang of the announced NYSE delisting by Holcim creates a structural risk for ADS holders. Monitor for any further 6-K filings regarding the delisting timeline or a potential tender offer for minority shares, as this event will likely determine the stock's medium-term price trajectory.
Price Chart
Executive Summary
Cementos Pacasmayo reported strong Q2 2026 results with a 15.4% YoY increase in sales to S/558.9 million and a 61.5% surge in net profit to S/77.2 million, driven by robust cement demand and operational leverage. The company also generated significant operating cash flow of S/191 million in Q2, more than tripling the prior year, and reduced net debt. However, the overhang of Holcim's stated intention to delist the ADSs from the NYSE remains a key risk for US-listed shareholders.
Key Facts
- Q2 2026 sales increased 15.4% YoY to S/558.9 million (from S/484.1 million).
- Q2 2026 net profit surged 61.5% YoY to S/77.2 million (from S/47.8 million).
- H1 2026 net profit rose 58.4% YoY to S/159.2 million (from S/100.5 million).
- H1 2026 operating cash flow more than doubled to S/231.6 million (from S/109.9 million).
- Cash and cash equivalents increased to S/199.5 million from S/53.6 million at year-end 2025.
- Total financial obligations decreased to S/1.37 billion from S/1.41 billion at year-end 2025.
- Holcim completed its acquisition of the controlling parent company in March 2026 and has stated its intention to delist the ADSs from the NYSE.
Financial Impact
Q2 2026 sales up S/74.8M YoY (+15.4%); net profit up S/29.4M YoY (+61.5%). H1 2026 operating cash flow up S/121.8M YoY (+111%).
Risk Factors
- Holcim's stated intention to delist the ADSs from the NYSE, which could lead to reduced liquidity and a potential mandatory tender offer for minority shareholders.
- Exposure to Peruvian economic conditions and currency (Sol) fluctuations, as all operations are in Peru.
- Execution risk related to large 'works for taxes' capital expenditure commitments totaling S/412.3 million.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001213900-26-079801 |
| Document: ea0298655-6k_cementos.htm | 0001213900-26-079801 |
| Document: 0001213900-26-079801-index-headers.html | 0001213900-26-079801 |
| Document: 0001213900-26-079801-index.html | 0001213900-26-079801 |
| Document: 0001213900-26-079801.txt | 0001213900-26-079801 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 6-K | $12.78 | awaiting T+1 | — | $12.77 (−0.08%) |
Oct 23, 2026 3d ago | 6-K | $12.73 | awaiting T+1 | — | $12.77 (+0.31%) |
Oct 22, 2026 4d ago | 6-K | $12.77 $12.73 | ▲ +0.31% | ▼ −0.21% | $12.77 (−0.00%) |
Oct 22, 2026 4d ago | 6-K | $12.77 $12.73 | ▼ −0.31% | ▲ +0.21% | $12.77 (+0.00%) |
Oct 21, 2026 5d ago | SC 13D/A | $12.77 $12.73 | ▼ −0.31% | ▲ +0.21% | $12.77 (+0.00%) |
Oct 21, 2026 5d ago | SC TO-T | $12.77 $12.73 | ▼ −0.31% | ▲ +0.21% | $12.77 (+0.00%) |
Oct 16, 2026 10d ago | 6-K | $12.68 $12.62 | ▼ −0.47% | ▼ −0.90% | $12.77 (+0.71%) |
Oct 16, 2026 10d ago | SC 13D/A | $12.68 $12.62 | ▼ −0.47% | ▼ −0.90% | $12.77 (+0.71%) |
Oct 15, 2026 11d ago | 6-K | $12.67 $12.68 | ▲ +0.08% | ▲ +1.19% | $12.77 (+0.79%) |
Oct 15, 2026 11d ago | 6-K | $12.67 $12.68 | ▲ +0.08% | ▲ +1.19% | $12.77 (+0.79%) |
US Market Status
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